Moody's lifts Franciscan Missionaries, La., bonds to Aaa

Moody's Investors Service said it upgraded the long-term rating to Aaa from A1 and assigned a VMIG1 short-term rating to Louisiana Public Facilities Authority $50 million variable-rate hospital revenue bonds (Franciscan Missionaries of Our Lady Health System Project), series 2005C.

The upgrade and assignment is in conjunction with the conversion of the bonds from the auction-rate mode to the weekly rate mode as well as the delivery of an irrevocable letter of credit to be provided by Allied Irish Banks plc.

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